this post was submitted on 01 Feb 2025
471 points (97.0% liked)
Greentext
4946 readers
1319 users here now
This is a place to share greentexts and witness the confounding life of Anon. If you're new to the Greentext community, think of it as a sort of zoo with Anon as the main attraction.
Be warned:
- Anon is often crazy.
- Anon is often depressed.
- Anon frequently shares thoughts that are immature, offensive, or incomprehensible.
If you find yourself getting angry (or god forbid, agreeing) with something Anon has said, you might be doing it wrong.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
The bottom line is that all crypto is fiat with gimmicks at the end of the day. The only value it has is the perceived value. While with the USD you have a government body proclaiming it's value, along with a vast network of businesses willing to honor its value with goods and services, with crypto you have a patchwork of individuals - mostly crypto hoarders - proclaiming it's value, with very few legitimate businesses actually accepting the currency.
If you have the spoons, you should watch this full breakdown. It covers both crypto and NFTs in-depth.
Does the US government really make the value of the US dollar? When inflation was out of control in Mexican America, the US government had a lot of trouble stopping it.